Contrast the general fund and special revenue fund

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Reference no: EM131219627

The General Fund and the Special Revenue Fund are subject to comparable accounting and financial reporting principles and they have similar financial transactions. Discuss answers to the following questions and justify your response:

• Compare and contrast the General Fund and a Special Revenue Fund.

• Explain an example of a Special Revenue Fund and how it might be used by government.

Reference no: EM131219627

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